LV= will not buy Hornbuckle Mitchell, the SIPP provider confirmed.
The firm said it is still in talks with a number of potential partners about a possible investment into the firm, but confirmed no life offices were involved in negotiations. Today Hornbuckle's managing director David White did not deny that LV= had been the main contender for a buyout deal in previous talks. White said: "We are not in discussion with any life office regarding future investment into Hornbuckle Mitchell. "We are exploring talks with a number of private equity companies who are keen to examine how their funding could help to help support our future growth ambitions. ...
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